Inflation is hitting home-owners hard. There is help
Rising interest rates triggered by the out of control inflation that’s impacting negatively on the Canadian economy is having a ripple effect on many Black home-owners who now face the threat of losing their homes due to household debt levels that are steadily creeping upwards. Jacqueline McLaren is a licensed mortgage real estate broker with VANTAGE MORTGAGE REALTY GROUP. She believes that the trials and tribulation of this situation can be easily avoided with proper education and professional guidance. “The older generation don’t realize that they have access to something called the chip mortgage, where it’s a reverse mortgage where …